Slovakia again sold bonds, investing to buy Slovak securities worth 324 million euros in Monday’s auctions of three government bond products. The total demand will reach 1.1 billion euros.
The auctions will continue on Tuesday with a non-competitive part, where investors will be able to buy Slovak government bonds for just 64.8 euros released. It follows from data published by the Debt and Liquidity Management Agency (ARDAL).
The highest amount was raised by bonds maturing in 2024
The state won the highest amount in Monday’s auctions by selling bonds maturing in June 2024, and up to 144 million euros with an average negative yield of 0.5719 percent pa The total demand for these securities reached 309 million euros. In the non-competitive part of the auction, investors will still be available for 28.8 years at an average price of 101.5359 percent.
The second highest sale was recorded by bonds maturing in April 2036 in the amount of 104 million euros with an average yield of 0.5353 percent pa The total demand in this auction reached 473 million euros. In the non-competitive part of the auction, investors will still have 20.8 months available with an average price of 97,7684 percent.
Bonds sold for almost five million euros
This was followed by bonds maturing in October 2030, which were sold for 76 million euros. The average accepted yield to maturity reaches 0.0610 percent pa The total demand for these securities reached 317 million euros.
ARDAL will also offer these bonds on Tuesday in the non-competitive part of the auction, in the amount of 15.2 years of euros at an average price of 108.3972 percent. From the beginning of this year until the end of September, government bonds were sold for 4.97 billion euros through auctions and syndicated sales.
According to the analyst of Slovenská sporiteľňa Matej Horňák, the situation in the economy last year and at the beginning of this year significantly raised the needs for financing the state budget. According to Horňák, rapid expenditures and revenue shortfalls caused the government to look for sources of financing on the markets.